Disclaimer

Disclaimer:-Please note that all such analysis is provided by way of information only. All of the information was and should be taken as having been prepared for the purpose of reference only and that none were made with regard to any specific investment objective, financial situation or the needs of any particular person who may receive the analysis. Any recommendation or advice that may be expressed in or inferred from such analysis therefore does not take into account and may not be suitable for your investment objective.

Tuesday, December 18, 2007

Lian Beng 181207

Although Lian Beng opened below the downtrend support (green), it recovered and even broke through 4 trendlines (green, green dashed and blue dotted / dashed) before closing just below the uptrend support (blue dashed).

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If Lian Beng can open above the green lines with volume, we may see it reverse its downtrend. Better still if Lian Beng can break up the blue dotted and dashed lines.

For tomorrow :

Support @ 0.6848, 0.7024, 0.705
Resistance @ 0.720 (blue dotted), 0.7288 (blue dashed) and 0.735 (red)

Good Luck !!
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